Sensex, Nifty End Marginally Lower As RBI Cuts Growth Outlook

RTTNews | 258 hari yang lalu
Sensex, Nifty End Marginally Lower As RBI Cuts Growth Outlook

(RTTNews) - Indian shares fluctuated before ending marginally lower on Friday as the Reserve Bank of India (RBI) left its key interest rates unchanged for the eleventh straight session but reduced the cash reserve ratio by 50 basis points to boost liquidity. This was the first CRR reduction since March 2020.

The central bank downgraded its real GDP growth outlook for 2024-25 to 6.6 percent from 7.2 percent. The inflation outlook for 2024-25 has been raised to 4.8 percent from 4.5 percent, with Q3 at 5.7 percent and Q4 at 4.5 percent.

Investors also kept a close eye on the latest political developments in France and South Korea and awaited the all-important U.S. jobs report due later in the day that could help decide the Federal Reserve's policy path later this month.

The benchmark S&P Sensex ended down 56.74 points, or 0.07 percent, at 81,709.12 while the broader NSE Nifty index closed at 24,677.80, down 30.0 points, or 0.12 percent, from its previous close.

Among the prominent decliners, IndusInd Bank, HDFC Life, Bharti Airtel, Cipla and Adani Ports fell between 1 percent and 1.5 percent.

On the positive side, Dr Reddy's Laboratories, BPCL, Axis Bank, Bajaj Auto and Tata Motors climbed 1-3 percent.

read more
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 7j 27min yang lalu
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | 7j 43min yang lalu
Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
RTTNews | 8j 32min yang lalu
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | 10j 26min yang lalu
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | 10j 37min yang lalu